The Marine Retailers Association of America is distributing a Fact Sheet on the Small Business Administration's 7(a) loan program.
Working with the National Marine Manufacturers Association and the National Marine Bankers Association, MRAA has been looking into government sponsored programs to help alleviate the difficulties with floorplan financing in today's economy. One of the major programs that would have a direct application to boat dealers is the SBA's 7(a) loan program, according to the MRAA.
News of this potential resource has generated many inquiries about the program and how it would apply to boat retailers. MRAA says the new Fact Sheet will address many of these questions.
Click here for information or contact the SBA at (800) 827-5722.